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-   -   Aunt Fannie and Uncle Freddie gave Russia $ 1 billion! (https://forum.artinvestment.ru/showthread.php?t=3956)

LCR 20.08.2008 12:47

Aunt Fannie and Uncle Freddie gave Russia $ 1 billion!
 
Le Figaro, 19.08.2008


Russia has invested part of its foreign exchange reserves in bonds issued dvmya American companies that buy loans from banks - Fannie Mae and Freddie Mac. Both firms are under threat of bankruptcy, but covered with a government guarantee.

Russia has invested part of its foreign exchange reserves in bonds issued by dvmya American companies that buy loans from banks - Fannie Mae and Freddie Mac, and this investment has been extremely beneficial, as these bonds are covered with a government guarantee. Alexei Kudrin, Russia's finance minister, told one of veputatov Duma, that this investment has brought Russia more than 1 billion dollars for 6 months.

Both companies are now on the verge of bankruptcy because of the real estate crisis in the United States. Stock investors have to get rid of the shares of these firms, because their refinancing problematic. Today, Fannie Mae fell by 2,44%and Freddie Mac - on 5,47%. Within 6 months shares of these firms lost sootvetstveneo 4 /5, and 6 /7 values.

Unlike stocks, bonds issued by Fannie and Freddie eagerly bought, as it is believed that they were guaranteed by the state.


Still, nice that the U.S. had the opportunity to participate in the financing of the operation in South Ossetia, right? :)

Vladimir 20.08.2008 14:19

Цитата:

Сообщение от LCR (Сообщение 40036)
Aunt Fannie and Uncle Freddie gave Russia $ 1 billion!

LCR, I am afraid that not all beautiful. As for "present". Our finance minister has idee-fixe about the sterilization of the money supply. In terms of excess profits from oil shove somewhere far away that they are the domestic market do not fall and inflation is not dispersed. The idea is essentially good, because we were not able to come up with enough projects that the money osovoit in the country. Well, you know that in our country, shiny roads, flourishing city with a modern municipal infrastructure and the elderly simply do not go out of their cruise liners.
The problem is that oil money we actually finance the state's economy, stuck them into American securities. I understand the interest on them miserable, but given the dollar's decline this money just there for the ocean "dissolve". The one billion - is nominally, in real terms, adjusted for inflation is practically certain that we have lost. So it turns out that entering into konflik with the United States, we almost have financed the economy, keep our money in their papers and we rejoice in the strange return. And what if everything would be worse? Remember de Gaulle in a difficult situation at Shatto asked to exchange dollars for gold.

Konstantin 20.08.2008 14:34

In my opinion about this money you can forget. Or they have actually crammed in his pockets (and pockets where?) Or they ate the U.S. and inflation. We are alike - they are not. And if they are still there then I do not understand why we sell the oil and gas? If the money from this, we do not need and we have them somewhere conclusions. Why should we change materials on the void?

Vladimir 20.08.2008 15:09

Цитата:

Сообщение от Konstantin (Сообщение 40076)
Why should we change materials on the void?

Tyryat abroad, that money inside the country not potyrili:) That that's the idea. But it seems is becoming fashionable new direction for sterilization. We are surrounded by the aggressors, so that in the short term money to send arms.

Vladimir 07.09.2008 20:43

Repeat (already wrote about this in another topic), but it is important that new information today - the United States announced the nationalization of Aunt Fanny and Uncle Freddie:)

The United States announced the nationalization of the largest mortgage companies
  The U.S. Treasury announced the nationalization of mortgage brokers Fannie Mae and Freddie Mac. Chapter of the American Ministry of Finance Henry Paulson explained it difficult for the federal authorities decided that "Fannie Mae and Freddie Mac are so big and intertwined with the whole financial system of the country that their crash will lead to tremendous disruption to the domestic and international markets."

Читать дальше... 
The U.S. authorities also announced a change in the leadership of mortgage brokers. A former top manager of Merrill Lynch Herb Allison will head Fannie Mae, a former top manager of US Bancorp, David Moffett will lead Freddie Mac, transmits Associated Press.

Fannie Mae and Freddie Mac were created in 1938. and 1970. under the government program to support mortgage borrowers. They were in a short list of so-called "enterprises with state support" (GSE), which provides for government guarantees on their bonds.

In July of this year U.S. administration first announced the possible nationalization of Fannie Mae and Freddie Mac in connection with the rapid deterioration of their financial situation. Erupted last year's crisis high-risk category of subprime mortgages has resulted in cumulative losses Fannie Mae and Freddie Mac to 14 billion dollars last year. The market capitalization of Fannie Mae fell from $ 40 billion (as at end 2007.) Up to 7.6 billion dollars, the capitalization of Freddie Mac - with 22 billion dollars to 3.3 billion dollars

Fannie Mae and Freddie Mac own or act as guarantors of $ 5 trillion more than the mortgage debt, and bankruptcy threatened to bring down the entire U.S. financial system.

 

07 September 2008.


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